Current YGGDRASH (YEED) guide: What is a YEED coin? YEED review- news and price forecast
What is YGGDRASH YEED coin? The goal of the YGGDRASH Blockchain ecosystem is to connect all blockchain networks and convert internet services into blockchain format.. The company’s plan is to use branch chains that allow each Dapp (decentralized application) to be completely independent of each other, similar to branch chains.
What is YGGDRASH / YEED coin?
Field of Activity: The goal of the YGGDRASH Blockchain ecosystem is to connect all blockchain networks and convert internet services into blockchain format. The company’s plan is to use branch chains, similar to branch chains (Branch Chains), allowing each Dapp (decentralized application) to be completely independent of each other.. In addition, with DEX (decentralized exchange), all deposits, withdrawals and crypto trading will be done with YGGDRASH in the wallet connected to the blockchain.. The YGGDRASH platform consists of a master/master blockchain (Stem Chain) and branch chains (Branch Chains). Root/master Chain stores all Branch chain information connected to YGGDRASH and allows it to communicate. Root Chain is optimized for trading scalability and extensibility, storing only the minimum required information.
What is the best YEED coin video
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Branch Chains are created as standalone blockchains, so they are safe from failure of transactions and overruns of other branch chains. are not affected by loading. The company is using “Delegated Proof of Authority (DPOA)”, a certified/authorized negotiator assignment method that will provide higher performance than other consensus algorithms to select nodes with higher reputation/performance. is developing. YGGDRASH awards allowance/reward based on network exploit activity based on performance score/score and charges low or no deductions based on peak performance. Of course, the concept of higher performance, lower/fees fees is similar to how banks pay low-interest loans to creditworthy customers.
YGGDRASH / YEED coin which areas does it focus on?
1. DEX (decentralized exchange),
2. None of the transfer/remittance Blockchain platforms have solved the most important problem in this area, scaling. We all remember Cryptokitties and what happened to the Ethereum network when only one DApp was in use. Every blockchain out there is trying to solve the scalability problem, but now we think that YGGDRASH may have the answer to solve this problem.
YGGDRASH network solves some of the most pressing problems in the crypto world today.. As this network grows, the currency YEED is depleted/burned over time and the network is burned (erased) at an exponential rate that makes it more valuable.. YGGDRASH is a new blockchain that aims to improve today’s blockchains with enhanced data capacity, speed and extensibility, and a reputation scoring system.. The reputation scoring system is based on resources spent in the YGGDRASH ecosystem and allows highly respected users to transact blockchains with low transaction fees.
Beyond that YGGDRASH ICO and YEED coin are a series of emergencies regarding protocol scalability and utility. 3 designed to deal with the problem. launches next-generation blockchain protocol. As blockchain technology is adopted on a larger scale, transaction volume and size of DApp data is perhaps the most important roadmap towards further advancement.. YGGDRASH has designed a blockchain ecosystem that addresses scalability with a new combination of performance processing technologies
How YEED Coin works?
• Main Chain (Stem Chain) ); YGGDRASH’s main blockchain. It connects all branch chains and stores minimal information such as address
• Branch Chain; Branch chain is also a DApp and a standalone blockchain. So any networked DApp is independent and autonomous. This type of setup solves the previously mentioned problem with Cryptokitties and Ethereum network where all DAPs are integrated into the same blockchain and a high traffic Daap can clog the entire network.. If Cryptokitties had a branch chain in YGGDRASH, they would have their own autonomous environment with governance system and would not affect the rest of the network and cause overload and transaction failure. Also, all branch chain/branch/branch chain connected to stem chain/main chain can communicate with each other easily.
Types of Branch Chains are:
• Immune Branch Chain: Chain created/used by YGGDRASH does not consume YEED
• Mutable Branch Chain: User-created chain consumes YEED at regular intervals
• Instant Branch Chain: A user-created chain does not consume YEED, but only exists for a limited time and can only be created by high-reputation or “trusted” individuals.
• Test / Custom Branch Chain: Branch chain not affiliated with Yggdrash, used for testing or custom purposes only.
YGGDRASH is a trust-based multidimensional blockchain that connects anything and any blockchain network, built with the vision of “Making everything come true”.
How to use YEED Coin in YGGDRASH Infrastructure?
What is Yeed coin and how is it used on the platform? Main use for Yeed wants a DAPP to be a subchain. They need large sums of money to create a subchain. “The most important YEED area to use is creating a new branch chain. The amount of YEED grants and decides the lifetime of the branch chain and YEED is consumed as time passes. As the YGGDRASH ecosystem evolves and enriches, the value of the YEED coin and root and branch chains grows together. YGGDRASH is designed to provide economic incentives to all participants in the blockchain ecosystem.. It aims to create a transparent, fair and reasonable blockchain ecosystem for all network participants, rather than creating a monopoly environment by a person of wealth and power.
What is a YEED coin with technical statistics ?
Technical Infrastructure: ERC20 Token with smart contract
Maximum Number of Coins: 10,000,000,000
Total Number of Coins: 5.447,415.594
Number of Coins in Circulation: 5,000,000,000
Block Interval: 2 MIN
POW / POS: POW
KNOW YOUR CUSTOMER (KYC): YES
Token Sale: 14.03.2018
Current Price: 0.000142 USD
Listing Date: ?
24-Hour Volume:
Market Cap:
Tradeable Exchanges: NONE
Senior Management and Technical Team:
Partners and Sponsors: NONE
Yggdrash
Decentralized Exchange Platform and its experience in Remittance transactions is trying to prove its applicability with this ecosystem. Yggdrash blockchain enables traders to transact quickly and securely on exchanges without the need for a third party/platform. This will prevent investors from experiencing a significant loss, avoiding a catastrophic situation that occurred at Coincheck, a Japanese exchange site that previously lost approximately 500 Million USD.
The partner of the Yggdrash ecosystem in remittance transactions one of the biggest is Bluepan. Working with Bluepan to improve the remittance system. This partnership aims to go beyond the international remittance business, to become an integrated payment platform provider that removes borders.
What does the token’s name do? unit is YEED. YEED is also a branch chain (Linked Branch Chain). When a new branch chain is created, YEED is used to connect to the YGGDRASH network and continue working. With this offer, the amount of YEED will decrease more than the exponential rate as the more blockchains participating in the network, and we all know what that means.
Tx fees What are they?
The system uses a performance/Reputation Scoring System. Tx fees will be priced based on your performance. You will gain performance/reputation by investing resources, spending time and doing useful activities in the YGGDRASH network. We can compare this to the credit score. Based on your credit scores, banks decide whether to offer you some benefits such as low tx/transaction fees or the best fees and optimal terms on loan accounts.
Data Reduction
Yggdrash introduces Akashic/Unlimited Records & Block Box to minimize block data size. Reduces knot-making efforts and reduces this time from less than a few days to under an hour. YGGDRASH will use P2P network to assist block synchronization. May we ask what would happen if some of the data was infected or replaced by a virus? Block Reassembly Algorithm (BRA) comes into play. YEED records the hash value of AR and BB in the coin block and is shared over the P2P network, which guarantees binary data integrity and security.. When a node is in sync, it downloads the data in parallel from the P2P network and then compares it with the hashes of the BRA stored in the YEED coin block.
DPOA” means ?
Delegated PoE is a self consensus algorithm that uses the reputation system to select the node as a delegate. In this way, POW and POS limitations are mitigated due to the absence of direct monetary incentives for nodes and thus their inability to abuse the system for their material gain for personal gain (as in the case of miners ethereum network).. The only incentive the node receives is the reputation/performance system that allows it to pay less or no fees on the network.
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